Short term view - BANKING (STXE600) : The moving average is capping prices.
Prices were consolidating in a pattern. They broke below the lowest threshold of that pattern. The trend becomes bearish. The target is at 153.98 pts. The invalidation is above167.90 pts.Arguments :
- The major resistance has been reached, it causes the fall.
- The moving average is capping prices.
- The wedge has been triggered, the target has not been reached yet.
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